As of publishing of this information, Ivan hasn't responded to DNA queries for getting his side with the Tale.
The winding up petition versus the Fusionex Team of businesses are still pending ahead of the court and Together with the Courtroom hearing the petition in Could 2024.
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It remains being witnessed if Ivan will occur out and protect himself and his track record in opposition to the harming contents of Hitachi’s petition. Any long run he hopes to get of however being a crucial Section of Malaysia’s tech ecosystem will depend on this.
In the meantime DNA has learnt that a former Fusionex undertaking manager for A serious federal government account has reached out to the government agency to reassure them that their Fusionex designed and operate System would be preserved and saved running smoothly publish Fusionex.
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The petition has a chronological get of astonishing events in which Hitachi accuses Ivan and associates of his senior Management team of, “refusal to provide obvious money disclosures, the unexplained resignation of vital staff, and The dearth of any records of customers, suppliers, and workers Read Full Article which show unethical and irresponsible enterprise carry out.”
I'm worried the actions from the Fusiotech management team could have further repercussions for the ecosystem In particular overseas investors and possible acquirers of Malaysian startups.”
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This started a series of forwards and backwards in between Ivan and Hitachi, outlined in its Look At This petition, where Hitachi wanted to exercising its lawful legal rights as house owners of Fusionex and with Ivan and his Management workforce giving different good her comment is here reasons to obstruct this, Main of which was a purported ‘government directive’ that prevented Ivan from sharing sensitive info with international get-togethers.
As outlined by a seasoned attorney familiar with liquidation matters, “Hitachi, as the only shareholder, might have kept its winding up petition in a basic and superficial degree.
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